Agency Information Collection Activities: Proposed Collection Renewal; Comment Request, 3923-3925 [2024-01092]
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3923
Federal Register / Vol. 89, No. 14 / Monday, January 22, 2024 / Notices
UT, FILE NO. 0000233738; CSN
INTERNATIONAL, INC., KYML(FM),
FAC. ID NO. 767224, FROM: MOUNT
LAGUNA, CA, TO: SAN DIEGO
COUNTRY ESTATES, CA, FILE NO.
0000232741; WESTERN NORTH
CAROLINA PUBLIC RADIO,
WCQS(FM), FAC. ID NO. 71923, FROM:
ASHEVILLE, NC, TO: MARS HILL, NC,
FILE NO. 0000232164; and WESTERN
NORTH CAROLINA PUBLIC RADIO,
INC., WYQS(FM), FAC. ID NO. 40436,
FROM: MARS HILL, NC, TO:
ASHEVILLE, NC, FILE NO. 0000232165.
The full text of these applications is
available electronically via Licensing
and Management System (LMS), https://
apps2int.fcc.gov/dataentry/public/tv/
publicAppSearch.html.
Federal Communications Commission.
Nazifa Sawez,
Assistant Chief, Audio Division, Media
Bureau.
[FR Doc. 2024–01123 Filed 1–19–24; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0085; –0149; –0194]
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
Federal Deposit Insurance
Corporation (FDIC).
AGENCY:
ACTION:
Notice and request for comment.
The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995, invites the
general public and other Federal
agencies to take this opportunity to
comment on the request to renew the
existing information collections
described below (OMB Control No.
3064–0085; –0149; –0194). The notices
of the proposed renewal for these
information collections were previously
published in the Federal Register on
November 15, 2023, allowing for a 60day comment period.
DATES: Comments must be submitted on
or before February 21, 2024.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency Website: https://
www.fdic.gov/resources/regulations/
federal-register-publications/.
• Email: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767), Regulatory Counsel, MB–3128,
Federal Deposit Insurance Corporation,
550 17th Street NW, Washington, DC
20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street NW building
SUMMARY:
(located on F Street NW), on business
days between 7:00 a.m. and 5:00 p.m.
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Manny Cabeza, Regulatory Counsel,
202–898–3767, mcabeza@fdic.gov, MB–
3128, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collection of
information:
1. Title: Recordkeeping and
Disclosure Requirements in Connection
With Regulation B (Equal Credit
Opportunity).
OMB Number: 3064–0085.
Affected Public: Insured state
nonmember banks and state savings
associations.
Burden Estimate:
TABLE 1—SUMMARY OF ESTIMATED ANNUAL BURDEN
ddrumheller on DSK120RN23PROD with NOTICES1
[OMB No. 3064–0085]
Number of
responses per
respondent
Annual burden
(hours)
Type of burden
(frequency of response)
1. Record Retention (Applications,
Actions, Pre-Screened Solicitations) (1002.12) (Mandatory).
2. Record Retention (Self-Testing)
(1002.12(b)(6)) (Mandatory).
3. Credit Reporting History (1002.10)
(Mandatory).
4. Demographic Information Collected for Monitoring Purposes
(1002.13 (a) & (b)) (Mandatory).
5. Disclosure for Optional Self-Test
(1002.5) (Mandatory).
6. Notification of Action (1002.9)
(Mandatory).
7. Appraisal Report (1002.14(a)(1))
(Mandatory).
8. Notice of Right to Appraisal
(1002.14(a)(2)) (Mandatory).
9. Recordkeeping of Credit Applications from Small Businesses
(1002.107(a)) (Mandatory).
10. Initial implementation of System
to Support Requirements in IC 9
(Mandatory).
Recordkeeping (On Occasion) .........
2,917
1,333
00:03
194,418
Recordkeeping (On Occasion) .........
1
1
00:03
0
Reporting (Monthly) ..........................
2,917
12
00:01
583
Reporting (Annual) ...........................
2,917
276
00:01
13,418
Disclosure (On Occasion) ................
1
92
00:02
3
Disclosure (On Occasion) ................
2,917
333
00:03
48,568
Disclosure (On Occasion) ................
2,917
276
00:03
40,255
Disclosure (On Occasion) ................
2,917
276
00:01
13,418
Recordkeeping (On Occasion) .........
1,612
873
00:10
234,546
Recordkeeping (One-time) ...............
973
1
456:00
443,688
VerDate Sep<11>2014
18:02 Jan 19, 2024
Jkt 262001
PO 00000
Frm 00019
Fmt 4703
Number of
respondents
Time per
response
(HH:MM)
Information collection
(obligation to respond)
Sfmt 4703
E:\FR\FM\22JAN1.SGM
22JAN1
3924
Federal Register / Vol. 89, No. 14 / Monday, January 22, 2024 / Notices
TABLE 1—SUMMARY OF ESTIMATED ANNUAL BURDEN—Continued
[OMB No. 3064–0085]
Number of
responses per
respondent
Number of
respondents
Time per
response
(HH:MM)
Information collection
(obligation to respond)
Type of burden
(frequency of response)
Annual burden
(hours)
11. Record Retention of Small Business Lending Data (1002.111)
(Mandatory).
12. Reporting Small Business Lending Data to CFPB (1002.109)
(Mandatory).
13. Initial Implementation Activities
to Support Requirements in IC 12
(Mandatory).
14. Notice of Nondiscrimination to
Applicants (1002.107) (Mandatory).
15. Initial implementation Activities
for Requirements in IC 14 (Mandatory).
16. ‘‘Firewall’’ Exception Notification
(1002.108) (Required to obtain
benefit).
17. Initial Implementation Activities
for Requirements in IC 16 (Required to obtain benefit).
18. Website Disclosure of Small
Business Lending Data
(1002.110(c ) & (d)) (Mandatory).
Recordkeeping (Annual) ..................
1,612
1
00:10
269
Reporting (Annual) ...........................
639
1
120:00
76,680
Reporting (One-time) .......................
601
1
40:00
24,040
Disclosure (On Occasion) ................
1,612
873
0:01
23,455
Disclosure (One-time) ......................
973
1
40:00
38,920
Disclosure (On Occasion) ................
967
873
0:01
14,070
Disclosure (One-time) ......................
322
1
40:00
12,880
Disclosure (One-time) ......................
601
1
8:00
4,808
Total Annual Burden (Hours) .....
...........................................................
........................
........................
........................
1,184,019
Source: FDIC.
Note: The annual burden estimate for a given collection is calculated in two steps. First, the total number of annual responses is calculated as
the whole number closest to the product of the annual number of respondents and the annual number of responses per respondent. Then, the
total number of annual responses is multiplied by the time per response and rounded to the nearest hour to obtain the estimated annual burden
for that collection. This rounding ensures the annual burden hours in the table are consistent with the values recorded in the OMB’s regulatory
tracking system.
General Description of Collection:
Regulation B (12 CFR part 1002), issued
by the Consumer Financial Protection
Bureau (‘‘CFPB’’), prohibits creditors
from discriminating against applicants
on any bases specified by the Equal
Credit Opportunity Act; imposes
reporting, record keeping and disclosure
requirements; establishes guidelines for
gathering and evaluating credit
information; and requires creditors to
give applicants certain written notices.
The information collection is being
revised to include 10 new information
collection requirements created by
subpart B, (sections 1002.101–
1002.114),1 which addresses lending to
small businesses. The total estimated
annual burden for this information
collection is 1,184,019 hours, which
represents an increase of 734,884 hours
relative to the estimate of 449,135
reported by the OMB in 2021. The
increase is primarily attributable to the
inclusion of 10 new information
collections introduced by subpart B,
(sections 1002.101–1002.114) of the
final rule issued by the CFPB in May
2023.
2. Title: Affiliate Marketing/Consumer
Opt-out Notices.
OMB Number: 3064–0149.
Forms: None.
Affected Public: Insured state
nonmember banks and state savings
associations that have affiliates and
consumers that have a relationship with
the foregoing.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0149]
ddrumheller on DSK120RN23PROD with NOTICES1
Information collection
(obligation to respond)
Type of burden
(frequency of response)
Affiliate Marketing Disclosure—Implementation. (Mandatory).
Consumer Opt Out Notices (Voluntary).
Affiliate Marketing Disclosure—Ongoing (Mandatory).
18:02 Jan 19, 2024
Time per
response
(HH:MM)
Annual burden
(hours)
Third-Party Disclosure (Annual) .......
8
1
06:00
144
Third-Party Disclosure (Annual) .......
857,027
1
00:05
71,419
Third-Party Disclosure (Annual) .......
990
1
02:00
1,980
1 See the final rule issued by the Consumer
Financial Protection Bureau, ‘‘Small Business
VerDate Sep<11>2014
Number of
responses per
respondent
Number of
respondents
Jkt 262001
Lending Under the Equal Credit Opportunity Act’’
at 88 FR 35150 (May 31, 2023).
PO 00000
Frm 00020
Fmt 4703
Sfmt 4703
E:\FR\FM\22JAN1.SGM
22JAN1
3925
Federal Register / Vol. 89, No. 14 / Monday, January 22, 2024 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN—Continued
[OMB No. 3064–0149]
Type of burden
(frequency of response)
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
...........................................................
........................
........................
........................
Information collection
(obligation to respond)
Total Annual Burden (Hours) .....
Annual burden
(hours)
73,543
Source: FDIC.
General Description of Collection:
Section 214 of the FACT Act requires
financial institutions that wish to share
information about consumers with their
affiliates, to inform such consumers that
they have the opportunity to opt out of
such marketing solicitations. The
disclosure notices and consumer
responses thereto comprise the elements
assets from (1) the FDIC as receiver for
a Covered Financial Company (CFC); or
(2) a bridge financial company (BFC)
which requires the approval of the
FDIC, as receiver for the predecessor
CFC and as the sole shareholder of the
BFC (e.g., the BFC’s sale of a significant
business line).
Burden Estimate:
of this collection of information. There
is no change in the method or substance
of the collection.
3. Title: Covered Financial Company
Asset Purchaser Eligibility Certification.
OMB Number: 3064–0194.
Forms: 7300/10.
Affected Public: Any individual or
entity that is a potential purchaser of
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0194]
Information collection
(obligation to respond)
Type of burden
(frequency of response)
Covered Financial Company Asset
Sales Purchaser Eligibility Certification.
Total Annual Burden (Hours) .....
Number of
respondents
Number of
responses per
respondent
Time per
response
(HH:MM)
Annual burden
(hours)
Reporting ..........................................
66
1
02:30
165
...........................................................
........................
........................
........................
165
ddrumheller on DSK120RN23PROD with NOTICES1
Source: FDIC.
General Description of Collection: The
Covered Financial Company (CFC)
Asset Purchaser Eligibility implements
the statutory requirement that assets
held by the FDIC in the course of
liquidating any covered financial
company not be sold to persons who
contributed in specified ways to the
demise of a covered financial company.
The FDIC implemented this requirement
in its regulations at 12 CFR 380.13.
Prospective purchasers are required to
complete and submit a Purchaser
Eligibility Certification (PEC) to the
FDIC. The PEC is a self-certification by
a prospective purchaser that it does not
fall into any of the categories of
individuals or entities that are
prohibited by statute or regulation from
purchasing assets of a CFC. The PEC
will be required of any individual or
entity that is a potential purchaser of
assets from the FDIC, whether in its
corporate capacity or as a conservator or
receiver, for (1) a CFC; or (2) a Bridge
Financial Company (BFC).
The FDIC is increasing the total
burden associated with this collection
from 5 hours to 165 hours. The estimate
for the number of respondents has
increased from 10 to 66. The responses
per respondent is unchanged from the
2021 submission. The estimate for hours
VerDate Sep<11>2014
18:02 Jan 19, 2024
Jkt 262001
per response represents a 1.5-hour
increase from the 2021 submission. This
increase is due to a change in
calculation methodology.
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collection,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January 16,
2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024–01092 Filed 1–19–24; 8:45 am]
BILLING CODE 6714–01–P
PO 00000
Frm 00021
Fmt 4703
Sfmt 4703
FEDERAL ELECTION COMMISSION
Sunshine Act Meetings
Thursday, January 25,
2024, at 10:00 a.m.
PLACE: Hybrid Meeting: 1050 First Street
NE, Washington, DC (12th Floor) and
virtual.
TIME AND DATE:
Note: for those attending the meeting in
person, current COVID–19 safety protocols
for visitors, which are based on the CDC
COVID–19 hospital admission level in
Washington, DC will be updated on the
commission’s contact page by the Monday
before the meeting. See the contact page at
https://www.fec.gov/contact/. If you would
like to virtually access the meeting, see the
instructions below.
This meeting will be open to the
public, subject to the above-referenced
guidance regarding the COVID–19
hospital admission level and
corresponding health and safety
procedures. To access the meeting
virtually, go to the commission’s
website www.fec.gov and click on the
banner to be taken to the meeting page.
MATTERS TO BE CONSIDERED:
Draft Advisory Opinion 2023–11:
VoteDown PAC
Audit Division Recommendation
Memorandum on the Madison Project,
Inc. (A21–11)
STATUS:
E:\FR\FM\22JAN1.SGM
22JAN1
]]>Agencies
[Federal Register Volume 89, Number 14 (Monday, January 22, 2024)]
[Notices]
[Pages 3923-3925]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01092]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 3064-0085; -0149; -0194]
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The FDIC, as part of its obligations under the Paperwork
Reduction Act of 1995, invites the general public and other Federal
agencies to take this opportunity to comment on the request to renew
the existing information collections described below (OMB Control No.
3064-0085; -0149; -0194). The notices of the proposed renewal for these
information collections were previously published in the Federal
Register on November 15, 2023, allowing for a 60-day comment period.
DATES: Comments must be submitted on or before February 21, 2024.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
Agency Website: https://www.fdic.gov/resources/regulations/federal-register-publications/.
Email: [email protected]. Include the name and number of
the collection in the subject line of the message.
Mail: Manny Cabeza (202-898-3767), Regulatory Counsel, MB-
3128, Federal Deposit Insurance Corporation, 550 17th Street NW,
Washington, DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street NW building (located on F Street
NW), on business days between 7:00 a.m. and 5:00 p.m.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to www.reginfo.gov/public/do/PRAMain. Find this particular information
collection by selecting ``Currently under 30-day Review--Open for
Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Regulatory Counsel, 202-
898-3767, [email protected], MB-3128, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following currently approved collection of
information:
1. Title: Recordkeeping and Disclosure Requirements in Connection
With Regulation B (Equal Credit Opportunity).
OMB Number: 3064-0085.
Affected Public: Insured state nonmember banks and state savings
associations.
Burden Estimate:
Table 1--Summary of Estimated Annual Burden
[OMB No. 3064-0085]
----------------------------------------------------------------------------------------------------------------
Type of burden Number of Time per
Information collection (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
1. Record Retention Recordkeeping 2,917 1,333 00:03 194,418
(Applications, Actions, Pre- (On Occasion).
Screened Solicitations)
(1002.12) (Mandatory).
2. Record Retention (Self- Recordkeeping 1 1 00:03 0
Testing) (1002.12(b)(6)) (On Occasion).
(Mandatory).
3. Credit Reporting History Reporting 2,917 12 00:01 583
(1002.10) (Mandatory). (Monthly).
4. Demographic Information Reporting 2,917 276 00:01 13,418
Collected for Monitoring (Annual).
Purposes (1002.13 (a) & (b))
(Mandatory).
5. Disclosure for Optional Disclosure (On 1 92 00:02 3
Self-Test (1002.5) Occasion).
(Mandatory).
6. Notification of Action Disclosure (On 2,917 333 00:03 48,568
(1002.9) (Mandatory). Occasion).
7. Appraisal Report Disclosure (On 2,917 276 00:03 40,255
(1002.14(a)(1)) (Mandatory). Occasion).
8. Notice of Right to Disclosure (On 2,917 276 00:01 13,418
Appraisal (1002.14(a)(2)) Occasion).
(Mandatory).
9. Recordkeeping of Credit Recordkeeping 1,612 873 00:10 234,546
Applications from Small (On Occasion).
Businesses (1002.107(a))
(Mandatory).
10. Initial implementation of Recordkeeping 973 1 456:00 443,688
System to Support (One-time).
Requirements in IC 9
(Mandatory).
[[Page 3924]]
11. Record Retention of Small Recordkeeping 1,612 1 00:10 269
Business Lending Data (Annual).
(1002.111) (Mandatory).
12. Reporting Small Business Reporting 639 1 120:00 76,680
Lending Data to CFPB (Annual).
(1002.109) (Mandatory).
13. Initial Implementation Reporting (One- 601 1 40:00 24,040
Activities to Support time).
Requirements in IC 12
(Mandatory).
14. Notice of Disclosure (On 1,612 873 0:01 23,455
Nondiscrimination to Occasion).
Applicants (1002.107)
(Mandatory).
15. Initial implementation Disclosure (One- 973 1 40:00 38,920
Activities for Requirements time).
in IC 14 (Mandatory).
16. ``Firewall'' Exception Disclosure (On 967 873 0:01 14,070
Notification (1002.108) Occasion).
(Required to obtain benefit).
17. Initial Implementation Disclosure (One- 322 1 40:00 12,880
Activities for Requirements time).
in IC 16 (Required to obtain
benefit).
18. Website Disclosure of Disclosure (One- 601 1 8:00 4,808
Small Business Lending Data time).
(1002.110(c ) & (d))
(Mandatory).
---------------------------------------------------------------------------------
Total Annual Burden ................ .............. .............. .............. 1,184,019
(Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
Note: The annual burden estimate for a given collection is calculated in two steps. First, the total number of
annual responses is calculated as the whole number closest to the product of the annual number of respondents
and the annual number of responses per respondent. Then, the total number of annual responses is multiplied by
the time per response and rounded to the nearest hour to obtain the estimated annual burden for that
collection. This rounding ensures the annual burden hours in the table are consistent with the values recorded
in the OMB's regulatory tracking system.
General Description of Collection: Regulation B (12 CFR part 1002),
issued by the Consumer Financial Protection Bureau (``CFPB''),
prohibits creditors from discriminating against applicants on any bases
specified by the Equal Credit Opportunity Act; imposes reporting,
record keeping and disclosure requirements; establishes guidelines for
gathering and evaluating credit information; and requires creditors to
give applicants certain written notices.
The information collection is being revised to include 10 new
information collection requirements created by subpart B, (sections
1002.101-1002.114),\1\ which addresses lending to small businesses. The
total estimated annual burden for this information collection is
1,184,019 hours, which represents an increase of 734,884 hours relative
to the estimate of 449,135 reported by the OMB in 2021. The increase is
primarily attributable to the inclusion of 10 new information
collections introduced by subpart B, (sections 1002.101-1002.114) of
the final rule issued by the CFPB in May 2023.
---------------------------------------------------------------------------
\1\ See the final rule issued by the Consumer Financial
Protection Bureau, ``Small Business Lending Under the Equal Credit
Opportunity Act'' at 88 FR 35150 (May 31, 2023).
---------------------------------------------------------------------------
2. Title: Affiliate Marketing/Consumer Opt-out Notices.
OMB Number: 3064-0149.
Forms: None.
Affected Public: Insured state nonmember banks and state savings
associations that have affiliates and consumers that have a
relationship with the foregoing.
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0149]
----------------------------------------------------------------------------------------------------------------
Type of burden Number of Time per
Information collection (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
Affiliate Marketing Third-Party 8 1 06:00 144
Disclosure--Implementation. Disclosure
(Mandatory). (Annual).
Consumer Opt Out Notices Third-Party 857,027 1 00:05 71,419
(Voluntary). Disclosure
(Annual).
Affiliate Marketing Third-Party 990 1 02:00 1,980
Disclosure--Ongoing Disclosure
(Mandatory). (Annual).
---------------------------------------------------------------------------------
[[Page 3925]]
Total Annual Burden ................ .............. .............. .............. 73,543
(Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: Section 214 of the FACT Act
requires financial institutions that wish to share information about
consumers with their affiliates, to inform such consumers that they
have the opportunity to opt out of such marketing solicitations. The
disclosure notices and consumer responses thereto comprise the elements
of this collection of information. There is no change in the method or
substance of the collection.
3. Title: Covered Financial Company Asset Purchaser Eligibility
Certification.
OMB Number: 3064-0194.
Forms: 7300/10.
Affected Public: Any individual or entity that is a potential
purchaser of assets from (1) the FDIC as receiver for a Covered
Financial Company (CFC); or (2) a bridge financial company (BFC) which
requires the approval of the FDIC, as receiver for the predecessor CFC
and as the sole shareholder of the BFC (e.g., the BFC's sale of a
significant business line).
Burden Estimate:
Summary of Estimated Annual Burden
[OMB No. 3064-0194]
----------------------------------------------------------------------------------------------------------------
Type of burden Number of Time per
Information collection (frequency of Number of responses per response Annual burden
(obligation to respond) response) respondents respondent (HH:MM) (hours)
----------------------------------------------------------------------------------------------------------------
Covered Financial Company Reporting....... 66 1 02:30 165
Asset Sales Purchaser
Eligibility Certification.
---------------------------------------------------------------------------------
Total Annual Burden ................ .............. .............. .............. 165
(Hours).
----------------------------------------------------------------------------------------------------------------
Source: FDIC.
General Description of Collection: The Covered Financial Company
(CFC) Asset Purchaser Eligibility implements the statutory requirement
that assets held by the FDIC in the course of liquidating any covered
financial company not be sold to persons who contributed in specified
ways to the demise of a covered financial company. The FDIC implemented
this requirement in its regulations at 12 CFR 380.13. Prospective
purchasers are required to complete and submit a Purchaser Eligibility
Certification (PEC) to the FDIC. The PEC is a self-certification by a
prospective purchaser that it does not fall into any of the categories
of individuals or entities that are prohibited by statute or regulation
from purchasing assets of a CFC. The PEC will be required of any
individual or entity that is a potential purchaser of assets from the
FDIC, whether in its corporate capacity or as a conservator or
receiver, for (1) a CFC; or (2) a Bridge Financial Company (BFC).
The FDIC is increasing the total burden associated with this
collection from 5 hours to 165 hours. The estimate for the number of
respondents has increased from 10 to 66. The responses per respondent
is unchanged from the 2021 submission. The estimate for hours per
response represents a 1.5-hour increase from the 2021 submission. This
increase is due to a change in calculation methodology.
Request for Comment
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January 16, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-01092 Filed 1-19-24; 8:45 am]
BILLING CODE 6714-01-P
